Share on StockTwits

Research analysts at Oppenheimer reduced their price target on shares of Stellus Capital Investment Corp. (NYSE:SCM) from $16.00 to $15.00 in a report released on Monday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 11.61% from the company’s current price.

Stellus Capital Investment Corp. (NYSE:SCM) traded up 1.28% on Monday, hitting $13.44. The stock had a trading volume of 51,091 shares. Stellus Capital Investment Corp. has a 52 week low of $13.04 and a 52 week high of $15.5531. The stock has a 50-day moving average of $14.01 and a 200-day moving average of $14.53.

Stellus Capital Investment Corp. (NYSE:SCM) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.02. Analysts expect that Stellus Capital Investment Corp. will post $1.37 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.1133 per share. This represents a $1.36 annualized dividend and a dividend yield of 10.12%. The ex-dividend date is Thursday, June 26th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Stellus Capital Investment Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $13.60 price target on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $15.15.

Stellus Capital Investment Corporation is an externally managed, closed-end, non-diversified management investment company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.